Ocean protocol Archive

Bitcoin Press Release: OCEAN Token, the native digital currency of the Ocean Protocol network, begins trading on Bittrex International today after raising $6 million in an IEO

May 3rd 2019, Singapore – Ocean Protocol(CURRENCY: OCEAN) will begin trading on Bittrex International today (May 3) at 19:00 CEST / 17:00 UTC. The Initial Exchange Offering (IEO) started on April 30 with 56.4 million tokens up on offer. The IEO will end today 18:00 CEST / 16:00 UTC. OCEAN tokens will be unlocked two hours before listing on Bittrex International.

“It is rewarding to see the community get behind our vision for a new Data Economy and believing in Ocean Protocol. We are grateful to the 8,000 supporters from all our fundraising rounds who backed the project.” said Bruce Pon, founder of Ocean Protocol.“The Ocean Protocol team will continue to deliver software and network updates over the next two years, with five phases planned, each providing more sophisticated features, incentives and enhanced performance.”

To support and start this new data economy, Ocean Protocol has partnered with industry incumbents and startups to demonstrate how the safe sharing of data can help advance industries and improve people’s well-being. In the Insurance sector, Aviva and ConnectedLife are applying data analytics and artificial intelligence on smart home data to enhance the protection and care for the ageing population and support independent living; while in Healthcare, Roche Diagnostics is exploring ways to improve care for patients on blood-thinning therapy. In Retail, Next Billion is piloting a new data sharing model that rewards rural store owners for contributing sales data. In the academic space, Ocean Protocol is collaborating with AI Singapore to drive innovative programmes that empower AI talents to conduct advanced research and bring it to practice.

Ocean Protocol is a decentralized data exchange protocol to unlock data for AI. Through blockchain technology, smart contracts, and tokens, Ocean Protocol connects data providers and consumers, allowing data to be shared while guaranteeing traceability, transparency, and trust for all stakeholders involved. It allows data owners to give value to and have control over their data assets without being locked-in to any single marketplace. By bringing together decentralized blockchain technology, a data sharing framework, and an ecosystem for data and related services, Ocean Protocol is committed to kick-starting a new Data Economy that touches every single person, company and device, giving power back to data owners, enabling people to reap value from data to better our world. Visit oceanprotocol.com to find out more.

About BittrexInternational

Bittrex International operates a secure, reliable and advanced digital asset platform built on Bittrex’s cutting-edge trading technology. Our mission is to be a driving force in the blockchain revolution, increasing adoption of this innovative technology around the world. This international trading platform operates within the regulatory framework established by the European Union and Maltese Government, including the Malta Virtual Financial Assets Act. The company will apply to the Malta Financial Services Authority to become a regulated Virtual Financial Asset exchange. Learn more athttps://International.Bittrex.com.

Ocean Protocol is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

26th April 2019, Singapore – Aiming to break down data silos and unlock the 13 trillion data and AI economy,Ocean Protocol uses blockchain technology and smart contracts to enable the safe and secure sharing of data, guaranteeing control and auditability while protecting privacy. The technology allows organizations to put value on, own and control their data while smart contracts allow the data owners themselves to program the conditions of access which are then executed with perfect precision. Ocean Protocol is supported by the Ocean Foundation, a non-profit organization based in Singapore.

Bittrex IEO

During March, Ocean undertook an ICO which raised over $1,800,000 USD. The sale was hosted by crowdfunding sites Coinlist and Fractal, and via their own private organisation. Now, Ocean Protocol and Bittrex International have announced than an Initial Exchange Offering (IEO) will be held on the Bittrex International digital asset trading platform, where participants will be able to purchase OCEAN tokens. In preparation for the IEO, OCEAN completed a rigorous evaluation process that included comprehensive technical, compliance and regulatory reviews.

The IEO will officially start at 16:00 GMT / 18:00 CEST on Tuesday, April 30th. Bittrex users can participate using BTC.

“With Ocean Protocol, people with data can be connected with people who need data. This is the start of a new data economy and Ocean is the means to promote liquidity and ultimately a financial value for data”, said founder of Ocean Protocol, Bruce Pon.

Data owners and buyers have never had a working model which ensures privacy, security and guarantees of payment and puts use rights into their hands. Additionally, Ocean enables algorithms and models to travel to the data, get trained and then leave without exposing the data or taking a copy, thereby retaining privacy, and freeing up data to advance economy and society. By 2020, 1.7MB of data will be created every second for every person on earth, which shows the immense potential for this untapped market.

About Ocean Protocol

By bringing together decentralized blockchain technology, a data sharing framework, and an ecosystem for data and related services, Ocean Protocol is committed to kick-starting a new Data Economy that touches every single person, company and device, giving power back to data owners, enabling people to reap value from data to better our world.

Ocean Protocol is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.